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967 Scenic Park Trail Lawrenceville, GA 30046

5 Beds 3 Baths 2,938 sqft Built 2014

$319,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $108.58
  • 6 Days on Market
  • MLS # : 6812346
  • Updated Date : 12/02/2020 at 08:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,938 sqft
  • Baths : 3 full
Listing Agent's Description

All brick great Investment home! 4-side bricks with 30 years architecture shingle roofing. 5 bedroom 3 full bathrooms. Features hardwood floor, kitchen with granite & all real wood cabinets, Great rm w/fireplace, banquet sized dining rm w/beautiful molding! Upstairs features Master Ste w/sitting rm, large walk-in closets, garden tub & dbl vanity plus laundry rm, 3 addl spacious BRs & full hall bath upstairs!2 car garage. Private backyard. Award winning Gwinnett Cty Schools,entertainment,YMCA,shopping & more! Tenant occupied, please do not disturb the tenants.

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MARKET HIGHLIGHTS

  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)
  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (USMayors.org, 2018)
  • Headquarters to twenty-six Fortune 500 companies: The Home Depot, UPS, Delta Air Lines, The Coca-Cola Company, SunTrust Banks, The Southern Company, AGCO, PulteGroup (Fortune, 2018/ Metro Atlanta Chamber)

PRICE & RENT TRENDS

Zip Code: 30046

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200k210k220kPrice in $82k227k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 30046

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8171552

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Margaret Winn Holt Elementary School Primary Regular 1,172 81 5
Moore Middle School Middle Regular 1,011 63 6
Central Gwinnett High School High Regular 2,748 152 5

Margaret Winn Holt Elementary School

  • Education Level: Primary
  • # of students: 1,172
  • # of teachers: 81
5
GreatSchools Rating

Moore Middle School

  • Education Level: Middle
  • # of students: 1,011
  • # of teachers: 63
6
GreatSchools Rating

Central Gwinnett High School

  • Education Level: High
  • # of students: 2,748
  • # of teachers: 152
5
GreatSchools Rating
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,177
Property Tax -$336
Property Insurance -$84
HOA -$25
Property Management Fees -$119
CASH FLOW
$300

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$319,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$38,158

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,040

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,013

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0003$2,0404$2,0505$2,100
$2,100
RENT COMPS ANALYSIS
  • 967 Scenic Park Trail Lawrenceville, GA 3
    • 5 beds 3 baths ∙ 2,938 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,938 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.69
    •  
  • 512 Watercourse Way Lawrenceville, GA 1
    • 4 beds 3 baths ∙ 2,951 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,951 Sqft ∙ Built 2015
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.64
    •  
  • 901 Channel Drive Lawrenceville, GA 2
    • 5 beds 4 baths ∙ 2,800 Sqft ∙ Built 2015 5 beds 4 baths ∙ 2,800 Sqft ∙ Built 2015
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.71
    •  
  • 991 Channel Drive Lawrenceville, GA 4
    • 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 2016
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.67
    •  
  • 867 Buie Way Lawrenceville, GA 5
    • 5 beds 3 baths ∙ 2,932 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,932 Sqft ∙ Built 2001
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.72
    •  
PROPERTY LISTING DETAILS
Khoa Kevin Do
1.404.200.2401
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6812346
Last Updated: 12/02/2020
support@investimateroi.com

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. © 2017 First Multiple Listing Service, Inc.

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